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Fiscal Year 2022

The first year of the Fair School Funding Plan, and the best-documented fiscal year in this domain: the department's line-by-line explanation specifies the whole formula with its statewide factor values attached.

fiscal-period/fy2022 · 3 nodes point here

July 1, 2021 through June 30, 2022 — the first year of the Fair School Funding Plan, and the best-documented fiscal year in this domain. verified

The department’s line-by-line explanation for FY2022 specifies the whole formula with its statewide factor values attached, which no other year of the plan has. Statewide that year: aggregate base cost $11,023,233,582.74 over a base cost enrolled ADM of 1,499,918.26, giving an average base cost of $7,349.22 per pupil; almost $7.5 billion in state foundation funding distributed to 611 school districts; economically disadvantaged percentage 46.7239%. verified

The phase-in was 16.67% — but applied by line, and Disadvantaged Pupil Impact Aid was phased in at 0%. verified FY2022 is therefore the cleanest available demonstration that a headline phase-in percentage is not a district’s realized phase-in.

It is also a year that resists comparison in both directions. Federal COVID relief was flowing, so operating expenditure per pupil reads $15,314 with relief funds and $14,493 without. verified And it is the first year of a new formula, so the FY2021 comparison crosses a regime boundary rather than measuring a change within one.

Properties

LabelFY2022
Kindfiscal-year
Starts2021-07-01
Ends2022-06-30
Appropriating billAm. Sub. H.B. 110 (134th General Assembly), as corrected by H.B. 583
ContextFirst year of the Fair School Funding Plan. Base cost priced from FY2018 statewide average salaries. Phase-in 16.67% for base cost, targeted assistance, special education, English learners, gifted, and career-technical; 0% for DPIA. 611 districts; almost $7.5 billion in state foundation funding; statewide average base cost $7,349.22 per pupil. Federal COVID relief funds in flow. verified